Posts Tagged ‘Press Releases’
Residential Sales and Retail Leasing Activity Remains Brisk at 108-Acre James Run in Harford County
Development group recently concludes land sale with Park Avenue Lifestyle for new $70 million independent living and assisted living project featuring 160 apartments, with completion set for 2025. Sales and leasing activity remains ahead of schedule across all asset classes at James Run, a new 108-acre mixed-use development currently under development in Harford County, Maryland…
Read MoreStubborn Inflation, Banking Crisis, and Uncertain Interest Rate Environment Causing Strain on Real Estate Leasing and Sales Activity Locally
On a positive note, non-residential construction surged 17 percent between May 2022 and February 2023 and currently sits at the highest level on record. The combination of rising interest rates and the uncertainty of future occupancy needs of companies has negatively impacted leasing activity throughout the greater Baltimore Metropolitan region in Q1 2023, resulting in the…
Read MoreMacKenzie Brokers Sale of 8,500 sf Retail/Medical Office Building
Sam’s New and Used Tires acquires 10701 Baltimore Avenue, located in Beltsville, Maryland. Sam’s New and Used Tires, a locally-owned company based in Prince George’s County, has acquired 10701 Baltimore Avenue, a single-story, 8,500 square foot retail/medical office building situated in Beltsville, Maryland for $2.075 million. Adam Nachlas, SIOR, Senior Vice President Chris Bennett, Executive…
Read MoreMacKenzie Contracting Company Successfully Navigating Challenging Environment
Full-service general contracting company, currently celebrating 35-year anniversary, reports the most robust construction management backlog in the history of the company A perfect storm has enveloped the general contracting industry over the past two years – both nationally and locally – driven by escalating construction materials and labor costs, a rising interest rate environment and a…
Read MoreMacKenzie Brokers Sale of Two Industrial/Warehouse Buildings in Baltimore, $6 Million
2300 Eskow Avenue in Halethorpe sells for $3.1 million 629 S. Philadelphia Boulevard in Aberdeen trades for $2.8 million MacKenzie Commercial Real Estate Services has executed the sale of two industrial/warehouse buildings located in the greater Baltimore metropolitan area – to two separate entities – for nearly $6 million. Andrew Meeder and Daniel…
Read MorePercentage of Women Construction Workers Rises to an All-Time High
Locally, 30 percent of all MacKenzie Contracting Company employees are women A recent article in The Washington Post revealed that 14 percent of all construction workers in the U.S. are now women, representing an all-time high, a figure that has consistently risen since 2016, with data compiled by the United States Bureau of Labor Statistics.…
Read MoreMacKenzie Brokers Sale of 28,163 sf Industrial/Warehouse Building in Glen Burnie
521 Digiulian Boulevard is leased by Austin, Texas-based Architectural Surfaces and Houston, Texas-based ONE McDonough MacKenzie Commercial Real Estate Services has executed the sale of 521 Digiulian Boulevard, a single-story building comprised of just over 28,000 square feet of industrial/warehouse space for $4.22 million. Matthew Curran, SIOR, Vice President as well as Daniel Hudak and…
Read MoreWells Fargo Advisors Consolidates Two Annapolis-Area Locations at 2661 Riva Road
MacKenzie Commercial Real Estate Services brokers lease for 9,839 square feet of space Wells Fargo Advisors has signed a lease with 2661 Riva, LLC for 9,839 square feet of space within 2661 Riva Road in the Annapolis section of Anne Arundel County, Maryland, in a move that consolidates two area locations into one expanded space…
Read MoreMacKenzie Brokers Sale of 27,560 sf Industrial/Warehouse Building
2728 Loch Raven Road formerly owned by Metro Cleaners MacKenzie Commercial Real Estate Services has executed the sale of 2728 Loch Raven Boulevard in Baltimore City comprising 27,560 square feet of industrial/warehouse space for $1.53 million. Daniel Hudak and Andrew Meeder, both SIOR, Senior Vice President and Principal, as well as Matthew Curran, SIOR,…
Read MorePrinceton University School of Public and International Affairs Signs Lease at 1333 New Hampshire Avenue in D.C.
MacKenzie Commercial Real Estate Services brokers lease for 6,725 square feet of space The Princeton University School of Public and International Affairs (SPIA) has signed a lease with The Meridian Group for 6,725 square feet of space within 1333 New Hampshire Avenue, NW in the Dupont Circle section of downtown Washington, D.C. Scott Wimbrow, President…
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